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FIE.TO vs. SCHD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FIE.TO vs. SCHD

Last updated Jun 4, 2026

FIE.TO (iShares Canadian Financial Monthly Income ETF) and SCHD (Schwab U.S. Dividend Equity ETF) are both exchange-traded funds - FIE.TO is a Canada Equities fund tracking the Morningstar Can Equity Tgt Alloc NR CAD, while SCHD is a Dividend fund tracking the Dow Jones U.S. Dividend 100 Index. Both are passively managed. Over the past 10 years, FIE.TO returned 11.90%/yr vs 13.54%/yr for SCHD. At a 0.49 correlation, their price movements are largely independent. FIE.TO charges 0.85%/yr vs 0.06%/yr for SCHD.

Performance

FIE.TO vs. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Canadian Financial Monthly Income ETF (FIE.TO) and Schwab U.S. Dividend Equity ETF (SCHD). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

FIE.TO is traded in CAD, while SCHD is traded in USD. To make them comparable, the SCHD values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, FIE.TO achieves a 8.54% return, which is significantly lower than SCHD's 20.03% return. Over the past 10 years, FIE.TO has underperformed SCHD with an annualized return of 11.90%, while SCHD has yielded a comparatively higher 13.54% annualized return.

FIE.TO

1D
-0.37%
1M
2.99%
YTD
8.54%
6M
12.57%
1Y
31.11%
3Y*
24.63%
5Y*
12.71%
10Y*
11.90%

SCHD

1D
0.00%
1M
4.32%
YTD
20.03%
6M
17.69%
1Y
28.28%
3Y*
16.27%
5Y*
11.36%
10Y*
13.54%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FIE.TO vs. SCHD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FIE.TO
iShares Canadian Financial Monthly Income ETF		8.54%28.28%27.54%12.58%-14.35%29.02%1.33%18.97%-9.12%12.01%
SCHD
Schwab U.S. Dividend Equity ETF		20.52%-0.44%21.25%2.24%3.64%28.70%13.08%21.03%2.45%13.15%

Correlation

The correlation between FIE.TO and SCHD is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.28

Correlation (3Y)
Calculated over the trailing 3-year period

0.44

Correlation (5Y)
Calculated over the trailing 5-year period

0.50

Correlation (10Y)
Calculated over the trailing 10-year period

0.51

Correlation (All Time)
Calculated using the full available price history since Oct 21, 2011

0.49

Over the past year, the correlation between FIE.TO and SCHD has dropped to 0.28 - well below their long-term average of 0.49, suggesting their price drivers have been diverging.

FIE.TO vs. SCHD - Sectors Allocation Comparison

Sectors
FIE.TO
SCHD

Financial Services

94.1%
9.3%

Real Estate

5.9%

-

Basic Materials

-

1.2%

Communication Services

-

6.3%

Consumer Cyclical

-

6.3%

Consumer Defensive

-

19.2%

Energy

-

16.2%

Healthcare

-

18.8%

Industrials

-

7.5%

Technology

-

16.4%

Utilities

-

0.0%

Financial Services

FIE.TO
94.1%
SCHD
9.3%

Real Estate

FIE.TO
5.9%
SCHD

-

Basic Materials

FIE.TO

-

SCHD
1.2%

Communication Services

FIE.TO

-

SCHD
6.3%

Consumer Cyclical

FIE.TO

-

SCHD
6.3%

Consumer Defensive

FIE.TO

-

SCHD
19.2%

Energy

FIE.TO

-

SCHD
16.2%

Healthcare

FIE.TO

-

SCHD
18.8%

Industrials

FIE.TO

-

SCHD
7.5%

Technology

FIE.TO

-

SCHD
16.4%

Utilities

FIE.TO

-

SCHD
0.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Canadian Financial Monthly Income ETF

Schwab U.S. Dividend Equity ETF

Often compared with FIE.TO:
FIE.TO vs. XEI.TOFIE.TO vs. XEQT.TOFIE.TO vs. XDIV.TOFIE.TO vs. XFN.TOFIE.TO vs. HMAX.TOFIE.TO vs. VDY.TOFIE.TO vs. FTN.TO
Often compared with SCHD:
SCHD vs. VOOSCHD vs. VYMSCHD vs. SPYSCHD vs. SCHGSCHD vs. JEPISCHD vs. FDVVSCHD vs. VIG

Return for Risk

FIE.TO vs. SCHD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FIE.TO
FIE.TO Risk / Return Rank: 9393
Overall Rank
FIE.TO Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
FIE.TO Sortino Ratio Rank: 9696
Sortino Ratio Rank
FIE.TO Omega Ratio Rank: 9494
Omega Ratio Rank
FIE.TO Calmar Ratio Rank: 8989
Calmar Ratio Rank
FIE.TO Martin Ratio Rank: 9191
Martin Ratio Rank
SCHD
SCHD Risk / Return Rank: 8080
Overall Rank
SCHD Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
SCHD Sortino Ratio Rank: 8484
Sortino Ratio Rank
SCHD Omega Ratio Rank: 7373
Omega Ratio Rank
SCHD Calmar Ratio Rank: 9191
Calmar Ratio Rank
SCHD Martin Ratio Rank: 7575
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FIE.TO vs. SCHD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Canadian Financial Monthly Income ETF (FIE.TO) and Schwab U.S. Dividend Equity ETF (SCHD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

FIE.TOSCHDDifference
Sharpe ratioReturn per unit of total volatility
3.73
2.57

+1.17

Sortino ratioReturn per unit of downside risk
5.46
3.98

+1.48

Omega ratioGain probability vs. loss probability

1.71

1.47

+0.24

Calmar ratioReturn relative to maximum drawdown

5.48

6.61

-1.13

Martin ratioReturn relative to average drawdown

22.60

19.13

+3.47

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FIE.TO vs. SCHD - Sharpe Ratio Comparison

The current FIE.TO Sharpe Ratio is 3.73, which is higher than the SCHD Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of FIE.TO and SCHD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

FIE.TOSCHDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.73

2.57

+1.17

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.23

0.90

+0.32

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.85

0.90

-0.04

Sharpe Ratio (All Time)

Calculated using the full available price history

0.75

1.12

-0.37

Drawdowns

FIE.TO vs. SCHD - Drawdown Comparison

The maximum FIE.TO drawdown since its inception was -42.24%, which is greater than SCHD's maximum drawdown of -26.93%. Use the drawdown chart below to compare losses from any high point for FIE.TO and SCHD.

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Drawdown Indicators

FIE.TOSCHDDifference

Max Drawdown

Largest peak-to-trough decline

-42.24%

-26.93%

-15.31%

Max Drawdown (1Y)

Largest decline over 1 year

-5.70%

-4.30%

-1.40%

Max Drawdown (3Y)

Largest decline over 3 years

-10.70%

-15.30%

+4.60%

Max Drawdown (5Y)

Largest decline over 5 years

-22.93%

-15.30%

-7.63%

Max Drawdown (10Y)

Largest decline over 10 years

-42.24%

-26.93%

-15.31%

Current Drawdown

Current decline from peak

-1.30%

-1.22%

-0.08%

Average Drawdown

Average peak-to-trough decline

-4.87%

-2.86%

-2.01%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.38%

1.48%

-0.10%

Volatility

FIE.TO vs. SCHD - Volatility Comparison

iShares Canadian Financial Monthly Income ETF (FIE.TO) has a higher volatility of 2.87% compared to Schwab U.S. Dividend Equity ETF (SCHD) at 2.63%. This indicates that FIE.TO's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FIE.TOSCHDDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.87%

2.63%

+0.24%

Volatility (6M)

Calculated over the trailing 6-month period

7.16%

8.23%

-1.07%

Volatility (1Y)

Calculated over the trailing 1-year period

8.37%

11.10%

-2.73%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.44%

12.63%

-2.19%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.04%

15.18%

-1.14%

FIE.TO vs. SCHD - Expense Ratio Comparison

FIE.TO has a 0.85% expense ratio, which is higher than SCHD's 0.06% expense ratio.

Dividends

FIE.TO vs. SCHD - Dividend Comparison

FIE.TO's dividend yield for the trailing twelve months is around 4.52%, more than SCHD's 3.26% yield.

PositionTTM20252024202320222021202020192018201720162015
FIE.TO
iShares Canadian Financial Monthly Income ETF		4.52%4.81%5.84%6.98%7.31%5.85%7.10%6.65%7.38%6.28%6.59%7.43%
SCHD
Schwab U.S. Dividend Equity ETF		3.26%3.82%3.64%3.49%3.39%2.78%3.16%2.98%3.06%2.63%2.89%2.97%

Frequently Asked Questions

FIE.TO and SCHD have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, SCHD is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SCHD is cheaper with a 0.06% expense ratio, compared with 0.85% for FIE.TO.

FIE.TO is categorized as Canada Equities, while SCHD is Dividend. FIE.TO tracks Morningstar Can Equity Tgt Alloc NR CAD, while SCHD tracks Dow Jones U.S. Dividend 100 Index. They also come from different issuers: iShares and Charles Schwab. Their fees differ too: 0.85% for FIE.TO and 0.06% for SCHD.

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